1065 and K1 for LLC with no profit , but some start up costs
Formed a multi member LLC with my two kids that are under the age of 18. I deposited $5000 in a business account under the EIN for the business. The business has had no sales as of yet, but we did create a website and purchased a couple of inexpensive (Sub $300) laptops, and 10 a month cell phone plan. Since there was no income and expenses don't even equal $1000, is it necessary to file a 1065? If so , are the under age members required to receive a K1 and file taxes? Thanks.
This Question Has Not Yet Been Answered.
